Cornercap Investment Counsel Inc. Makes New Investment in Fair Isaac Co. (NYSE:FICO)

Cornercap Investment Counsel Inc. purchased a new stake in Fair Isaac Co. (NYSE:FICO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 214 shares of the technology company’s stock, valued at approximately $249,000.

Other hedge funds have also modified their holdings of the company. State Street Corp grew its holdings in shares of Fair Isaac by 20.3% during the first quarter. State Street Corp now owns 996,863 shares of the technology company’s stock worth $700,484,000 after buying an additional 168,468 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Fair Isaac by 0.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 929,015 shares of the technology company’s stock worth $556,090,000 after acquiring an additional 5,225 shares during the period. Geode Capital Management LLC raised its holdings in Fair Isaac by 48.9% in the 1st quarter. Geode Capital Management LLC now owns 577,240 shares of the technology company’s stock valued at $405,140,000 after acquiring an additional 189,562 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Fair Isaac by 1.0% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 457,738 shares of the technology company’s stock worth $397,560,000 after purchasing an additional 4,584 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of Fair Isaac by 25.0% during the fourth quarter. Morgan Stanley now owns 449,919 shares of the technology company’s stock worth $269,313,000 after purchasing an additional 89,888 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO William J. Lansing sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $1,225.93, for a total transaction of $9,807,440.00. Following the transaction, the chief executive officer now directly owns 20,638 shares of the company’s stock, valued at approximately $25,300,743.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Redburn Atlantic initiated coverage on Fair Isaac in a research note on Tuesday. They issued a “neutral” rating and a $1,113.00 target price for the company. Needham & Company LLC upped their price objective on shares of Fair Isaac from $1,100.00 to $1,500.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Jefferies Financial Group increased their price objective on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Royal Bank of Canada restated a “sector perform” rating and issued a $1,350.00 target price on shares of Fair Isaac in a report on Friday, January 26th. Finally, Raymond James upped their price target on shares of Fair Isaac from $1,214.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,180.45.

Fair Isaac Stock Up 0.1 %

Shares of FICO stock opened at $1,154.25 on Thursday. Fair Isaac Co. has a fifty-two week low of $686.08 and a fifty-two week high of $1,349.75. The firm’s 50 day moving average price is $1,257.07 and its two-hundred day moving average price is $1,136.65. The stock has a market cap of $28.68 billion, a price-to-earnings ratio of 64.52, a price-to-earnings-growth ratio of 2.55 and a beta of 1.21.

Fair Isaac (NYSE:FICO) last posted its earnings results on Thursday, January 25th. The technology company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.76 by $0.11. Fair Isaac had a net margin of 29.20% and a negative return on equity of 57.80%. The business had revenue of $382.06 million for the quarter, compared to analyst estimates of $386.55 million. On average, equities analysts forecast that Fair Isaac Co. will post 19.95 EPS for the current fiscal year.

Fair Isaac Profile

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.